Exhibit 10.67
AMD_00061392.0
Client Code/Reference No: 130339
AMENDMENT
Effective Date as of December 16, 2011
AMENDMENT to the Index License Agreement for Funds (the “Agreement”), dated as of May 18, 2000, by and between MSCI Inc. (formerly known as Morgan Stanley Capital International, Inc.) (“MSCI”) and BlackRock Institutional Trust Company, N.A. (formerly known as Barclays Global investors, N.A.) (“Licensee”). Capitalized terms used herein but not otherwise defined herein shall have the meanings ascribed to them in the Agreement.
| 1. | Licensee may publish the following Fund and Index information at the following frequencies on its web sites within ishares.com, and in Licensee’s printed materials regarding each Fund and Index: |
Fund Information
| Information | Frequency | |
Fund Holdings and aggregate weight | Daily | |
Sector Diversification | Daily | |
Country / Geographic Allocation | Daily | |
Number of Securities | Daily | |
| Financial Characteristics (aggregate level only): Median Market Capitalization, PE Ratio, PB Ratio, R-Squared, Beta, 30-Day Yield, ROE, Earnings Growth, Foreign Holdings, Turnover Rate for most recent year. | Daily | |
Volatility Characteristics | Daily | |
Performance Returns | Daily |
Index Information
| Information | Frequency | |
Sector Diversification | Monthly, 10 day delay | |
Country / Geographic Allocation | Monthly, 10 day delay | |
Number of Constituents | Monthly, 10 day delay | |
| Financial Characteristics (aggregate level only): Median Market Capitalization, PE Ratio, PB Ratio, ROE, Earnings Growth Rate, Foreign Holdings. | Monthly, 10 day delay | |
Volatility Measures | Monthly, 10 day delay | |
Performance returns | Same frequency as MSCI.com |
provided that each such web site and printed publication includes the disclaimers required by the Agreement, as applicable, and each such page of the web site and printed publication containing any such data shall include the following additional disclaimer:
You agree not to reproduce, distribute or disseminate Fund holdings information, defined and limited to constituents, weights, valuation ratios, and volatility characteristics, or any Index holdings information, in whole or in part, in any form without prior written permission from MSCI. All such information is provided on an “as is” basis, and MSCI makes no express or implied warranties or representations of any kind with respect to any of the information contained herein (including, without limitation, with respect to the accuracy, completeness, reliability, merchantability or fitness for a particular purpose of any such information or any financial results
you may achieve from its use). In no event shall MSCI or its affiliates have any liability relating to the use of any such information. You may use this information solely for informational purposes in order to review the holdings of your investment. You may not make any other use of this information, including, without limitation, in connection with or as the basis for any other financial product or index.
In addition, notwithstanding anything to the contrary in the Agreement, Licensee may distribute daily through Licensee’s website, with or without password protection, the relevant portfolio composition file (PCF) and PCF proof of the Fund’s portfolio, provided, any such website shall contain the disclaimers required by the Agreement and this Amendment, or otherwise agreed to in writing by the parties. Upon written notice to Licensee, MSCI may withdraw any such distribution approval.
MSCI may terminate this disclosure right upon written notice to Licensee if MSCI determines in its good faith reasonable discretion that such disclosure is cannibalizing or otherwise detrimentally affecting MSCI’s business, provided that the rights to distribute the data cannot be revoked to the extent that it is required to be published pursuant to applicable law.
The above disclosure rights shall only apply with respect to Funds that are traded on an exchange.
| 2. | This Amendment is intended to amend and operate in conjunction with the Agreement and together this Amendment and the Agreement constitute the complete and exclusive statement of the agreement between the parties and supersede in full all prior proposals and understandings, oral or written, relating to the subject matter hereof. No right or license of any kind is granted to Licensee except as expressly provided in the Agreement and this Amendment. This Amendment shall be governed by, and construed in accordance with, the laws of the State of New York without regard to its conflict or choice of laws principles. |
| BlackRock Institutional Trust Company, N.A. | MSCI INC. | |||||||
| By | /s/ Jenni A. Lee | By | /s/ David Dalpe | |||||
Name and Title Jenni A. Lee / Director | Name and Title David Dalpe | |||||||
(printed) | (printed) Vice President | |||||||
| BlackRock Institutional Trust Company, N.A. | ||
| By | /s/ Timothy M. Meyer | |
Name and Title Timothy M. Meyer / M. Director | ||
(printed) | ||